Minutes - 1991/11/25 - Laserfiche WebLink

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~unds View City Council . gular Meeting Page Twelve November 25, 1991 Mark Barney, City Attorney, stated this ordinance would be repealed automatically. Barney further stated to add language regarding public hearing is repeating itself. Mr. Bill Frits asked why the Council was objecting if it doesn't mean anything to not have the language in. Mayor Linke stated with a sunset clause the utility would be dead in 1993 and the whole process would have to be continued to reinstate the utility. Naja Werner, 2765 Sherwood Road, inquired as to if the revenue enhancement measure passes as a utility, her understanding is that it will be a monthly fee of $1.21. Ms. Werner inquired also if this rate would stay the same for the entire three years or if NSP would raise their rates would the fee be changed. Mayor Linke responded that any raise by NSP is built in and covered by the $1.21. William Werner, Sr. stated the Council shouldn't pass this at all . and should forget about the sunset clause. Mr. Werner, Sr., feels the Council should deal with the problem now. Mr. Bill Johnson, 7860 Groveland Road, stated he owns rental property in the form of a four-plex. Mr. Johnson further stated that he pays non-homestead taxes which come out to about $4,000 per year. Mr. Johnson stated the City is adding another additional tax on to the tax roles. Mr. Johnson also stated that rental property is in bad shape these days; his building is deteriorating and he has had to spend much money out of .his own pocket. Mr. Johnson questions who will pay this tax for him. Mr. Johnson stated that if his tenants want more light he installs a light in his parking lot. Mr. Johnson stated he wanted no more taxes. Naja Werner stated that Mounds View has a lot of business parks. Naja Werner wanted to now if they are paying their fair share of the tax burden. Naja Werner also wanted to know if there were special concessions given to businesses to come to Mound View. Mayor Linke responded to Ms. Werner's question with most of the businesses were brought to Mounds View through Tax Increment Financing. Mayor Linke explained that if raw land is worth $1.00 and after the buildings are added it is worth $3.00 in taxes, the additional taxes pay off the bonds. The City gets a percentage of the dollar. Mayor Linke said most of these are set up for fifteen years but ours are way ahead of schedule. What's nice • about this utility is businesses will be paying approximately $5.00 per acre.